X-Bow Raises More Than $70M in Series B Funding

X-Bow

X-Bow, an Albuquerque, NM-based non-traditional producer of advanced manufactured solid rocket motors (SRMs) and hypersonics technologies, raised more than $70M in Series B funding.

The round was led by Razor’s Edge, with additional participation from Lockheed Martin Ventures, Boeing Ventures, Crosslink Capital and Balerion Space Ventures.

The company intends to use the funds to accelerate the growth of its hypersonic-capable vehicles, strategic and tactical scale solid rocket motor programs, and completion of its Luling, TX gigafactory campus. It will also be expanding its engineering and R&D facilities across New Mexico.

Led by CEO and Founder Jason Hundley, X-Bow Systems is empowering the aerospace and defense industry with advanced manufactured energetics for the solid rocket motor and launch vehicle market. It is also designing and building a suite of modular, strategic and tactical scale solid rocket motors and small launch vehicles for both orbital and suborbital launch services.

X-Bow is a dual-use technology company with production facilities in Texas, and additional presence in California, Alabama, Utah, Colorado and Washington, DC.

FinSMEs

10/07/2024